In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Ocean Power Technologies (AMEX: OPTT) was $0.33 for the day, down -16.20% from the previous closing price of $0.40. In other words, the price has decreased by -$16.20 from its previous closing price. On the day, 7.22 million shares were traded. OPTT stock price reached its highest trading level at $0.3788 during the session, while it also had its lowest trading level at $0.3006.
Ratios:
Our analysis of OPTT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.97 and its Current Ratio is at 3.88. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 09, 2013, Ascendiant Capital Markets started tracking the stock assigning a Strong Buy rating and target price of $5.
UBS reiterated its Buy rating for the stock on July 17, 2008, while the target price for the stock was revised from $19 to $14.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 25 ’24 when Slaiby Peter E. bought 35,000 shares for $0.19 per share. The transaction valued at 6,713 led to the insider holds 241,871 shares of the business.
Cryan Terence James bought 100,000 shares of OPTT for $14,800 on Nov 13 ’24. The Director now owns 358,658 shares after completing the transaction at $0.15 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPTT now has a Market Capitalization of 56966088 and an Enterprise Value of 48342740. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.31 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 7.903 whereas that against EBITDA is -2.405.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.65, which has changed by 0.32000005 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. Over the past 52 weeks, OPTT has reached a high of $1.75, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -45.18%, while the 200-Day Moving Average is calculated to be -14.79%.
Shares Statistics:
OPTT traded an average of 12.14M shares per day over the past three months and 5592610 shares per day over the past ten days. A total of 170.00M shares are outstanding, with a floating share count of 153.13M. Insiders hold about 10.99% of the company’s shares, while institutions hold 5.18% stake in the company. Shares short for OPTT as of 1741910400 were 9443316 with a Short Ratio of 0.78, compared to 1739491200 on 8513895. Therefore, it implies a Short% of Shares Outstanding of 9443316 and a Short% of Float of 5.59.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
